Anthem Memory Care, based in Lake Oswego, Ore., bought Cypress Springs Alzheimer’s and Memory Support Residence, 1859 N. Webb Road, and renamed it Chisholm Place.
Anthem plans to add staff, training programs and technology and spend $500,000 on physical upgrades. Anthem also just acquired a memory care community in Overland Park and named it Morningside Place.
The number of people in Kansas with dementia is expected to rise more than 20 percent by 2025, increasing from 51,000 currently to 62,000, according to the Alzheimer’s Association.
LTC Properties, a real estate investment trust that primarily invests in seniors housing and health care properties, financed the Wichita and Overland Park acquisitions. The buildings represent the sixth and seventh dementia care communities completed or acquired with Anthem Memory Care.